Rust Preventive Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

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Rust Preventive Oil Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Rust Preventive Oil Market Introduction

• Rust preventive oil is used to prevent corrosive
  attack on iron. Rust forms on iron when it comes
  into contact with water or oxygen. This can lead
  to equipment failure and can also damage
  machinery such as engines. Rust can cause high
  financial losses to organizations.
• Rust prevention oils contain corrosion
  inhibitors, which form a barrier film on the
  metallic surface. This barrier film protects the
  surface from environmental oxygen, water, and
  other chemically active substances.
• Rust preventive oils are widely used in various
  industries such as automotive, paints, food
  beverages, and construction 

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Key Drivers of Rust Preventive Oil Market

• Automobile industry is one of the major consumers
  of rust prevention oil.
• Under the Paris agreement, all countries are
  joining hands to reduce carbon emission and keep
  the increase in average global temperature to
  below 2C. In line with this objective, France is
  expected to discontinue the sale of petrol and
  diesel vehicles by 2040 and shift toward electric
  vehicles.
• The Netherlands also aims to ban petrol and
  diesel vehicles by 2025.
• Majority of countries are shifting toward the
  production of electric vehicles. This is
  anticipated to boost the demand for new engines,
  auto components, and metallic parts in the near
  future

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Key Restraints of Rust Preventive Oil Market

• Rust prevention oil attract contaminants from air
  that cling to the surface of the metal, thereby
  accelerating the corrosion process
• Vapor corrosion inhibitors (VCI) paper and VCI
  poly are the substitutes of rust prevention oils.
  These products are environment friendly and
  non-toxic alternatives of rust prevention oils.

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Key Manufacturers in Market

• Rogers Corporation
• Silicone Solutions
• 3M
• Parker Hannifin Corporation
• Parker Chomerics
• TennVac Inc.
• Nolato Cerbo AB
• Wacker Chemie AG

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